Delaware Insurance Commissioner Karen Weldin Stewart fined Blue Cross Blue Shield of Delaware $325,000 for “deficiencies” in its nuclear cardiac imaging testing pre-authorization process.
The chairman of the U.S. Senate Committee on Commerce, Science and Transportation is offering suggestions on how health insurers nationwide can honor the intent of new mandates on medical loss ratio under new federal law without attempting to “game” the system.
The chairman of the U.S. Senate Commerce, Science and Transportation Committee is expanding his investigation into health insurance companies’ policies on covering medically necessary care.
Amid a wave of criticism focused on her and the state’s insurance office, Delaware Insurance Commissioner Karen Weldin Stewart has announced a meeting to focus on denials of medically necessary tests by insurers.
A U.S. senator is pointing to a $4.9 billion correction in regulatory filings by Aetna as another reason the nation needs “more transparency and accountability in the health insurance industry.”
One of the biggest obstacles going into the Senate’s debate on a comprehensive health care reform measure was the existence of a government-run public insurance option.
Omitting a government-run health insurance program from a Senate reform bill will give private insurers “free rein” to increase premiums and “drive up the cost of federal subsidies,” according to a group of Senate Democrats.
A move by Democrats to include a government-run public option in health care reform proposed by the Senate Finance Committee failed after hours of debate.
As a direct result of the Patient Protection and Affordable Care Act (PPACA) – also known as ObamaCare – health insurance agent and broker commissions have been slashed by as much as 50%. Agencies have been forced to lay off employees, limit products and services, shift to other lines, and have seen significant drops in compensation.